Malaysian media company Suke more than doubles shares offered ahead of $15 million US IPO
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Suke, a Malaysian media company, has increased its IPO offering from 1.5 million to 3.8 million shares, aiming to raise $15 million at a price of $4 per share. This adjustment will result in a 122% increase in anticipated proceeds, leading to a market cap of $104 million. Suke operates SUKE TV, a shopping channel that connects celebrity-owned businesses with customers. The company plans to list on Nasdaq under the symbol SUKE, with Blue Diamond Securities as the bookrunner.
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